Finance news

• Celladon says heart treatment fails in trial

  26-04-2015 23:44
  NEW YORK, April 26 (Reuters) - Celladon Corp said its heart failure gene therapy Mydicar failed to meet its primary and secondary endpoints in an important trial.
  
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• UPDATE 1-UK government would oppose any takeover of BP -FT

  26-04-2015 23:37
  April 26 (Reuters) - Britain's outgoing government has told BP Plc that it wants the company to remain a British industrial champion and it would oppose any takeover of the oil producer, the...
  
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• RPT-Legal 'jihad' against private sector gathers pace in Indonesia

  26-04-2015 23:30
  JAKARTA, April 24 (Reuters) - The head of an Indonesian Muslim organisation has filed cases to overturn three laws, escalating what he calls 'a constitutional jihad' that has already dealt a blow to...
  
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• Strong India rupee stings Modi's export ambitions

  26-04-2015 23:00
  NEW DELHI, April 27 (Reuters) - Ajit Lakha, who runs a mid-sized garment export business in the north Indian textile hub of Ludhiana, prays daily before leaving for work that the rupee will weaken...
  
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• For-profit Corinthian Colleges to shut down remaining campuses

  26-04-2015 22:57
  April 26 (Reuters) - For-profit college operator Corinthian Colleges Inc said it will immediately shut down all its remaining campuses and cease substantially all other operations.
  
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• Rupert Murdoch says Scottish self rule inevitable 'in next few years'

  26-04-2015 21:53
  LONDON, April 26 (Reuters) - Scotland is likely to win self rule in the next few years while the economic divide between the international powerhouse of London and the rest of the United Kingdom will...
  
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• UPDATE 3-After crisis warnings, UK's Labour says no deals with Scottish nationalists

  26-04-2015 21:47
  * Labour moves to rule that out (Adds Sturgeon, Cameron, Murdoch)
  
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• UK government says will oppose any takeover of BP - FT

  26-04-2015 21:13
  April 26 (Reuters) - The British government has told BP Plc that it wants the company to remain a British industrial champion and it would oppose any takeover of the oil producer, the Financial Times...
  
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• Sika's family owner seeks to overturn AGM decisions about takeover

  26-04-2015 20:57
  
  ZURICH (Reuters) - The Swiss family that controls chemicals business Sikasaid it is seeking to overturn several decisions made at a recent investor meeting over a 2.75 billion Swiss franc ($2.88...
  
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• EU Commission to revise down Greek growth forecast - paper

  26-04-2015 20:51
  BERLIN, April 26 (Reuters) - The European Commission plans to significantly revise down its growth forecast for Greece this year, its Vice President Valdis Dombrovskis was quoted as saying on Sunday.
  
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• UPDATE 1-German Chancellor, Greek PM agree to stay in touch to reach debt deal

  26-04-2015 20:01
  ATHENS, April 26 (Reuters) - Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel agreed in a phone conversation on Sunday to maintain contact during talks between Athens and its...
  
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• German Chancellor, Greek PM agree to stay in touch to reach debt deal

  26-04-2015 19:02
  ATHENS, April 26 (Reuters) - Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel agreed in a phone conversation on Sunday to maintain contact during talks between the...
  
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• Japan ruling party set for strong showing in local polls: media

  26-04-2015 19:00 via news.yahoo.com
  Candidates supported by Japan's ruling party were expected to defeat opposition rivals in at least two of the five mayoral elections Sunday, media reported, boosting Prime Minister Shinzo Abe's economic reform drive. Candidates backed by the Liberal Democratic Party were set to win in Oita and Kyotanabe in Kyoto prefecture, according to Kyodo News which cited its own projections and early returns. Abe's LDP sees the polls as a litmus test of the popularity of his drive to resuscit
  
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• RPT-Wall St Week Ahead-Investors seek protection against healthcare stock decline

  26-04-2015 19:00
  NEW YORK, April 24 (Reuters) - Healthcare companies on a seven-year tear have been top performers so far in 2015, helping to push broad stock indexes to record levels, but traders are now looking to...
  
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• UPDATE 1-Box Office: 'Furious 7' Races Past 'Age of Adaline'

  26-04-2015 18:05
  LOS ANGELES, April 26 (Variety.com) - Nothing, it seems, and certainly not Blake Lively, can get "Furious 7" to slam on the brakes.
  
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• UPDATE 2-Deutsche Bank Q1 profit falls by half as legal charges bite

  26-04-2015 17:24
  * Details of strategy shift due on Monday, April 27 (Adds contingent liabilities from statement, detail, background on restructuring)
  
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• Deutsche Bank Q1 earnings fall to $610M, hurt by penalties

  26-04-2015 16:09 via news.yahoo.com
  
  FRANKFURT, Germany (AP) — Deutsche Bank says net profit fell to 559 million euros ($610 million) in the first quarter as legal penalties ate into stronger revenues from trading stocks and bonds.
  
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• MIDEAST STOCKS-Oil buoys Gulf markets; Dubai, Saudi hit 2015 highs

  26-04-2015 16:08
  DUBAI, April 26 (Reuters) - Most major Gulf stock markets, led by Dubai, rose on Sunday after the Brent oil price hit a 4-1/2-month high, while the bourse of energy importer Egypt closed in the red.
  
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• After crisis warnings, UK's Labour says no deals with Scottish nationalists

  26-04-2015 15:38 via news.yahoo.com
  
  By Andrew Osborn LONDON (Reuters) - Britain's Labour Party on Sunday ruled out a post-election deal with Scottish nationalists after Prime Minister David Cameron's Conservatives said such a tie-up could spark the biggest constitutional crisis since the 1936 abdication of the king. The policy shift, by Labour leader Ed Miliband, was designed to blunt what has become Cameron's main attack line before the May 7 election, a contest that is shaping up to be the country's closest a
  
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• After crisis warnings, Labour says no deals with Scottish nationalists

  26-04-2015 15:37 via news.yahoo.com
  
  By Andrew Osborn LONDON (Reuters) - The Labour Party on Sunday ruled out a post-election deal with Scottish nationalists after Prime Minister David Cameron's Conservatives said such a tie-up could spark the biggest constitutional crisis since the 1936 abdication of the king. The policy shift, by Labour leader Ed Miliband, was designed to blunt what has become Cameron's main attack line before the May 7 election, a contest that is shaping up to be the country's closest and most unp
  
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• UPDATE 2-After crisis warnings, UK's Labour says no deals with Scottish nationalists

  26-04-2015 15:35
  * Labour moves to rule that out (Recasts, adds May, Cameron, donor)
  
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• In Kathmandu Valley, quake-hit Nepalis fend for themselves

  26-04-2015 15:11 via news.yahoo.com
  
  By Ross Adkin DHADING, Nepal (Reuters) - Barely any sign of an organized relief effort was visible outside Nepal's capital on Sunday, as aid agencies struggled to fly and truck relief supplies to a country stricken by its worst earthquake in eight decades. In Dhading district 80 km (50 miles) outside Kathmandu, people camped in the open, the hospital was overflowing, the power was off and shops were closed. Many people have died," said English teacher Chandra Lama, whose home village lies two ho
  
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• Pop Milano sits pretty as Italy cooperative banks brace for M&A

  26-04-2015 14:19
  
  MILAN (Reuters) - At least five investment banks are vying to win a mandate from Banca Popolare di Milano (BPM)and find it a partner as Italian cooperative lenders gear up for a wave of mergers...
  
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• SEC's stock market reform club locks out retail brokers

  26-04-2015 14:11 via news.yahoo.com
  
  By John McCrank NEW YORK (Reuters) - The U.S. Securities and Exchange Commission is convening a group of financial industry veterans for the first time next month to consider stock market reforms, but one group will be conspicuously absent: retail brokerages. The SEC's 17-member Market Structure Advisory Committee includes representatives of fund companies, an exchange, off-exchange trading venues, dealers, and academia, among others. The group, which meets four times a year, will review ol
  
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• Analysis - SEC's stock market reform club locks out retail brokers

  26-04-2015 14:09 via news.yahoo.com
  
  By John McCrank NEW YORK (Reuters) - The U.S. Securities and Exchange Commission is convening a group of financial industry veterans for the first time next month to consider stock market reforms, but one group will be conspicuously absent: retail brokerages. The SEC's 17-member Market Structure Advisory Committee includes representatives of fund companies, an exchange, off-exchange trading venues, dealers, and academia, among others. The group, which meets four times a year, will review ol
  
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• RPT-DEALTALK-Drug overlaps, shortages may complicate Teva bid for Mylan

  26-04-2015 14:00
  NEW YORK, April 24 (Reuters) - Teva Pharmaceutical Industries' bid for Mylan NV would create a company controlling nearly 25 percent of the U.S. generics market, including drugs in short supply,...
  
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• Ukrainian-born Blavatnik tops UK rich list, Queen falls out of top 300

  26-04-2015 13:21 via news.yahoo.com
  
  By Andrew Osborn LONDON (Reuters) - Ukrainian-born billionaire Len Blavatnik has become Britain's wealthiest man, a "rich list" published annually by The Sunday Times newspaper showed on Sunday, but the Queen slipped down the rankings despite her net worth growing. Boosted largely by rising stock markets, the newspaper said the super-rich had doubled their collective wealth since the 2009 economic crisis and that the wealthiest 1,000 people based in Britain were now worth 547 bill
  
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• Key Jordan trade route cut after Syria border closure

  26-04-2015 12:27 via news.yahoo.com
  
  When security fears forced Jordan to close its last border crossing with Syria this month, it severed its most important trade route to the outside, further straining an economy already hit by fallout from war. Car importer Mohammed Bustnje says he was among the lucky ones, losing only tens of thousands of dollars when looters sacked his offices and made off with televisions, air conditioning units, even doors and windows. Bustnje said he had had a premonition there would be trouble at the 700-h
  
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• Nokia denies return to phone manufacturing

  26-04-2015 11:48
  HELSINKI, April 26 (Reuters) - Finland's Nokia denied reports in Chinese media that it planned to return to manufacturing phones.
  
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• Ending Egypt's currency black market brings new challenges

  26-04-2015 11:38 via news.yahoo.com
  
  By Stephen Kalin and Nadia El Gowely CAIRO (Reuters) - Egypt's currency black market, a thorn in the side of successive governments, has virtually disappeared in the past two months following a central bank crackdown. Yet, while the authorities hope this will signal to foreign investors that the economy has returned to normal after four years of turmoil, Egyptian businesses are suffering. Importers and exporters in particular say official measures to cap dollar deposits at Egyptian banks ha
  
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• UK's Labour rules out informal deal with Scots nationalists after UK election

  26-04-2015 11:09
  LONDON, April 26 (Reuters) - The leader of Britain's opposition Labour Party on Sunday ruled out any informal deal with Scottish nationalists after a May 7 election if his party fails to win an...
  
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• MIDEAST STOCKS-Strong oil supports Saudi Arabia; Egypt slips

  26-04-2015 10:56 via news.yahoo.com
  
  (Updates with Saudi Arabia, Egypt open) DUBAI, April 26 (Reuters) - Saudi Arabia's stock market rose in early trade on Sunday, supported by stronger oil prices, while Egypt's bourse edged down. Brent crude hit a 4-1/2-month high of $65.80 on Friday because of continued fighting in Yemen and, although U.S. crude fell on concerns about another upcoming stock build, both benchmarks posted weekly gains. The main Saudi equities index added 0. ...
  
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• Analysis - Productivity puzzle to tax UK election victor

  26-04-2015 10:27 via news.yahoo.com
  
  By David Milliken LONDON (Reuters) - Less than two weeks away from a knife-edge election, Britain's biggest economic problem, stagnant productivity, has barely surfaced in the political debate. Whoever wins on May 7 will struggle to keep their promises unless Britain can find a way to follow up on the strongest job creation in a generation by getting people to produce more once they are in work, generating more profits and tax revenues. After an initially slow recovery from financial crisis
  
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• More central banks meet, but ability to pilot economies in doubt

  26-04-2015 10:22 via news.yahoo.com
  
  Most central banks have been easing policy since the start of the year and are set to do more, but it still isn't clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much. Several meet this week to set policy, including the U.S. Federal Reserve, the Bank of Japan and Sweden's Riksbank, which all have turned to government bond purchases as stimulus after running out of interest rates to cut. The Fed shut its quantitative easing (
  
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• GLOBAL ECONOMY WEEKAHEAD-More central banks meet, but ability to pilot economies in doubt

  26-04-2015 10:00
  LONDON, April 26 (Reuters) - Most central banks have been easing policy since the start of the year and are set to do more, but it still isn't clear whether that new activism, which has pushed stock...
  
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• India's SMEs still to be convinced by business-friendly PM

  26-04-2015 08:53 via news.yahoo.com
  
  While Narendra Modi may be the toast of India's titans of industry, bosses of the army of small and medium-sized businesses (SMEs) are beginning to grow impatient for change a year into his premiership. In a paean to Modi for the latest edition of Time magazine, US President Barack Obama hailed the prime minister for pursuing "an ambitious vision... to unleash India's true economic potential". His domestic cheerleaders include some of the biggest names in Indian business such
  
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• Kazakhstan 'buy local' drive battles ruble-cheap Russian imports

  26-04-2015 07:09 via news.yahoo.com
  
  Shelves in supermarkets across the ex-Soviet republic of Kazakhstan teem with bright signs championing locally-produced goods over Russian alternatives. The push to buy local is part of the government's "Made in Kazakhstan" initiative to support domestic producers struggling to match cheap imports from neighbouring Russia, which have enjoyed the competitive benefits of the sanction-battered ruble's dramatic slide in value. The campaign was launched despite Kazakhstan and Russ
  
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• Ivory Coast coalition names Ouattara as candidate for October election

  26-04-2015 01:36 via news.yahoo.com
  
  The five parties in Ivory Coast's ruling coalition named President Alassane Ouattara as their candidate for an election in October in which he is expected to win a second five-year term. Former president Henri Konan Bedié, who is the leader of the RHDP coalition, gave his endorsement to Ouattara, who has won praise for reviving the West African country's economy after a decade of political turmoil that culminated in a brief civil war that ended in 2011. "We want an Ivory Coast committed to work
  
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